Profil:
Wielton SAWielton obtains licence to produce and trade in military/police products and technology
Listed automotive equipment producer Wielton's subsidiary has obtained a licence from the Ministry of the Interior and Administration (MSWiA) to carry out business activities in the manufacturing and trading in products and technology for military or police use, the company said in a market filing.
"Obtaining a concession allows participation in tenders and purchase proceedings carried out by the Armament Agency or other units of the Ministry of National Defence (MON) and enables legal participation in international trade (export/import) in military and special equipment, in accordance with EU and NATO regulations, which is crucial when cooperating with foreign military partners," Wielton said in the market filing.
"In addition, possession of a licence may be required for the implementation of research and development (R&D) projects financed by MON or NATO/EUROPEAN DEFENCE FUND institutions, in which components of armaments or technologies of strategic importance are envisaged," it added.
The licence has been issued at the request of Wielton Defence Sp. z o.o. and is valid for a period of 50 years.
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